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Activision Loss Widens
Video game maker Activision(ATVI Quote) on Thursday reported a wider-than-expected quarterly loss, but boosted revenue guidance for the coming quarter.
The company reported a net loss of $14.4 million, or 5 cents a share, for its fiscal fourth quarter ended March 31, compared to a net loss of $9.1 million, or 3 cents a share, for the year-ago period.
Excluding equity-based compensation expenses, the company reported a loss of 4 cents a share for the quarter. Analysts polled by Thomson Financial were expecting a loss of 2 cents a share. ...
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